WED. 04 JANUARY, 2023-theGBJournal| The Treasury bill secondary market closed Tuesday with bullish sentiments, as the average yield contracted by 8bps to 5.3%.
Across the curve, the average yield contracted at short (-21bps), and long (-1bp) ends following buying interests in the 86DTM (-127bps) and 324DTM (-1bp) bills, respectively.
Conversely, the average yield was unchanged at the mid segment. In the OMO segment, the average yield closed flat at 3.4%.
Activities in the Treasury bond secondary market were bullish as the average yield contracted by 22bps to 12.6%.
Across the benchmark curve, the average yield contracted at the short (-38bps), mid (-36bps), and long (-4bps) segments as investors demanded the MAR-2027 (-132bps), APR-2029 (-49bps), and APR-2049 (-16bps) bonds, respectively.
Meanwhile, the overnight lending rate contracted by 150bps to 9.8%, following inflows from OMO maturities of N10 billion.
The naira appreciated by 0.1% to NGN461.00/USD at the I&E window.
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